Hyperliquid Vault Leadership, Trading, Withdrawals, and Closure
Summary
This legacy guide describes how leaders create and operate Hyperliquid vaults. Leaders receive a stated share of vault profits, while creation requires a minimum deposit and a gas fee. The leader must retain a minimum ownership share. The guide says vault names and descriptions cannot be changed after creation, and vaults can trade validator-operated perpetual contracts but not spot assets or HIP-3 perpetuals.
Leaders select a vault account to place trades on its behalf and can close a vault after all positions are closed; depositors then receive their proportional shares. Withdrawals may leave positions open if sufficient margin remains. Otherwise, margin-using open orders are canceled in order of margin use, followed by repeated partial position closures until the withdrawal can proceed. Leaders may instead configure proportional position closures on withdrawals. These are protocol-specific operational rules, not evidence of trading performance, and the page is marked as legacy documentation.
Key ideas
- Vault leaders manage trades for a shared account and receive a stated profit share.
- Creating a vault requires a minimum deposit, a gas fee, and ongoing minimum leader ownership.
- Vaults can trade validator-operated perpetual contracts but not spot or HIP-3 perpetuals.
- Withdrawals can trigger order cancellations or partial position closures when margin is insufficient.
- Closing a vault requires all positions to be closed before depositors receive their shares.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.